Today we will analyze the stock S/YUYUAN TOURIST ‘A’CNY1 (600655.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in S/YUYUAN TOURIST ‘A’CNY1 (600655.SS)
1- Last bearish trend was from 8.66 $ (1/11/2012) to 8.11 $ (1/16/2012) a 0.55 $ move 2- The current bullish trend started from 8.11 $ at 1/16/2012 and is currently trading at 9.29 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
S/YUYUAN TOURIST ‘A’CNY1 (600655.SS) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 8.110 .
5- The Stock formed a 2.230 $ height triangle which was broken up at 8.640 in higher than usual volume, target of the pattern is 10.870.
S/YUYUAN TOURIST ‘A’CNY1 (600655.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 8.110 .
7- The Stock formed a 2.230 $ height triangle which was broken up at 8.640 in higher than usual volume, target of the pattern is 10.870.
S/YUYUAN TOURIST ‘A’CNY1 (600655.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.330 and 12.930 that was broken up at 8.640 transforming into a supporting line.

Stock Trading Conclusion:
S/YUYUAN TOURIST ‘A’CNY1 (600655.SS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 10.87,.
Stock Support levels : 9.01, 8.84, 8.70, 8.56, 8.20, 8.12, 8.12,.